Canso Select Opportunities (TSXV:CSOC.A) Receivables Turnover : 111.44 (As of Dec. 2024)

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What is Canso Select Opportunities Receivables Turnover?

The Receivables Turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by average Accounts Receivable. An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. Canso Select Opportunities's Revenue for the three months ended in Dec. 2024 was C$1.78 Mil. Canso Select Opportunities's average Accounts Receivable for the three months ended in Dec. 2024 was C$0.02 Mil. Hence, Canso Select Opportunities's Receivables Turnover for the three months ended in Dec. 2024 was 111.44.

Canso Select Opportunities Receivables Turnover Historical Data

The historical data trend for Canso Select Opportunities's Receivables Turnover can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Canso Select Opportunities Receivables Turnover Chart

Canso Select Opportunities Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

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4.62

6.75

19.17

199.69

Canso Select Opportunities Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Sep24	Dec24
Receivables Turnover	Get a 7-Day Free Trial															4.14	16.75	17.40	-	111.44

Competitive Comparison of Canso Select Opportunities's Receivables Turnover

For the Asset Management subindustry, Canso Select Opportunities's Receivables Turnover, along with its competitors' market caps and Receivables Turnover data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Canso Select Opportunities's Receivables Turnover Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Canso Select Opportunities's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Canso Select Opportunities's Receivables Turnover falls into.

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Canso Select Opportunities Receivables Turnover Calculation

Receivables Turnover measures the number of times a company collects its average accounts receivable balance.

Canso Select Opportunities's Receivables Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Receivables Turnover (A: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2024 )	/ (	(Accounts Receivable (A: Dec. 2023 )	+	Accounts Receivable (A: Dec. 2024 ))	/	count )
=	2.596	/ (	(0.01	+	0.016)	/	2 )
=	2.596	/	0.013
=	199.69

Canso Select Opportunities's Receivables Turnover for the quarter that ended in Dec. 2024 is calculated as

	Receivables Turnover (Q: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2024 )	/ (	(Accounts Receivable (Q: Sep. 2024 )	+	Accounts Receivable (Q: Dec. 2024 ))	/	count )
=	1.783	/ (	(0	+	0.016)	/	1 )
=	1.783	/	0.016
=	111.44

Canso Select Opportunities (TSXV:CSOC.A) Receivables Turnover Explanation

An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. This metric is commonly used to compare companies within the same industry to check whether they are on par with their competitors.

Canso Select Opportunities Receivables Turnover Related Terms

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Canso Select Opportunities Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Canso Select Opportunities Corp (TSXV:CSOC.A) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

CSOC.B:Canada

Address

100 York Boulevard, Suite 550, Richmond Hill, ON, CAN, L4B 1J8

Website

https://www.selectopportunitiescorporation.com

Canso Select Opportunities Corp is an Ontario-based investment corporation. Its investment objective is to provide capital gains and dividend income to its shareholders. The corporation evaluates potential investments in debt, public and private equity, and other securities. The deployment of funds to new investments depends on both the attractiveness of new investment opportunities and the availability of capital as generated from the realization of value from existing portfolio investments.

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